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Interpreting time horizon effects in inter-temporal choice

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2012

We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …

Persistent link: https://www.econbiz.de/10010281038

Interpreting time horizon effects in inter-temporal choice

Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2012

Persistent link: https://www.econbiz.de/10010282129

Anticipations and endogenous present bias

Galperti, Simone; Strulovici, Bruno - 2015

Persistent link: https://www.econbiz.de/10011545317

Adriani, Fabrizio; Sonderegger, Silvia - 2019

We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...

Persistent link: https://www.econbiz.de/10012389678

Naïve and capricious: Stumbling into the ring of self-control conflict

Myrseth, Kristian Ove R.; Wollbrant, Conny - 2011

We model self-control conflict as a stochastic struggle of an agent against a visceral influence, which impels the agent to act sub-optimally. The agent holds costly pre-commitment technology to avoid the conflict altogether and may decide whether to procure pre-commitment or to confront the...

Persistent link: https://www.econbiz.de/10010352065

The relationship between economic preferences and psychological personality measures

Becker, Anke; Deckers, Thomas; Dohmen, Thomas; Falk, Armin - 2012

Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...

Persistent link: https://www.econbiz.de/10010282182

Time Preferences and Criminal Behavior

Åkerlund, David; Golsteyn, Bart H. H.; Grönqvist, Hans; … - 2014

One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals discount future events when balancing the immediate utility...

Persistent link: https://www.econbiz.de/10010377265

The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices

Sutter, Matthias; Angerer, Silvia; Rützler, Daniela; … - 2015

According to Chen’s (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We...

Persistent link: https://www.econbiz.de/10011388218

The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices

Sutter, Matthias; Angerer, Silvia; Glätzle-Rützler, … - 2015

According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...

Persistent link: https://www.econbiz.de/10011401662

Multiple selves in intertemporal choice

Jamison, Julian; Wegener, Jon - 2009

We propose that individuals consider future versions of themselves to truly be separate persons, not simply as a convenient modeling device but in terms of actual brain systems and decision]making processes. Intertemporal choices are thus quite literally strategic interactions between multiple...

Persistent link: https://www.econbiz.de/10010280868